754 Magnus Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,015 sqft single-family home built in 1912, located on Magnus Avenue in the William Whyte neighbourhood of Winnipeg. The lot is generous for the area at 3,578 sqft, and the assessed value sits at $119,000.
What stands out: The land is the strongest asset. On a street where lots average around 3,518 sqft, this property is right in line, but relative to the broader William Whyte neighbourhood it ranks in the top 11% for lot size. That’s a meaningful advantage—especially if you value outdoor space, gardening, or the potential for future redevelopment or expansion.
The house itself is modest in size and age. Built in 1912, it’s older than most homes on the street (average 1937) and significantly older than the citywide average (1966). The living area is slightly below the neighbourhood average of 1,158 sqft, and far below the citywide average of 1,342 sqft. The assessed value reflects this—$119,000 is below the street average of $178,000 and well below the citywide median for comparable homes.
Where the appeal lies: This isn’t a flashy or modern property. Its appeal is more practical and location-based. For a buyer who wants a detached home with decent yard space in an established central neighbourhood—without paying a premium for a renovated or larger house—this could be a solid entry point. It would likely suit first-time buyers looking for affordability, investors interested in a lot with potential, or someone willing to put work into an older home over time.
Who it suits: Buyers who are comfortable with a fixer-upper or a home that hasn’t been updated to current standards. Those who prioritize land size and neighbourhood character over square footage and modern finishes. It’s less suited for someone seeking turnkey, low-maintenance living or a home that compares favourably to citywide averages.
Frequently Asked Questions
1. How does the assessed value compare to other homes in William Whyte?
It’s below the neighbourhood average of $149,100, ranking in the bottom 37% of comparable homes. That said, the lot is larger than most in the area, which sometimes doesn’t fully show in assessed value.
2. Is the house smaller than average for its street?
Not by much. At 1,015 sqft, it’s almost identical to the street average of 1,017 sqft. It’s a bit smaller than the neighbourhood average of 1,158 sqft, but the difference is modest.
3. What’s the condition of a 1912 home like this?
The data doesn’t include condition details. A house of that age likely has original bones—plaster walls, possibly updated electrical or plumbing, but expect maintenance needs. Given the low assessed value relative to the street, it may need more work than some neighbours.
4. How does the lot size compare citywide?
Below average. Citywide, comparable homes sit on an average of 6,570 sqft. At 3,578 sqft, this lot is smaller than most newer suburban properties. But in an older, denser neighbourhood like William Whyte, that’s typical—and the lot is actually on the larger side for the area.
5. What does “Top 11%” for land area in the neighbourhood mean exactly?
It means this property has a bigger lot than 89% of similar homes in William Whyte. That’s a strong ranking locally and the standout metric of this property. It doesn’t mean it’s oversized—just noticeably larger than most neighbours.